SiahWester
Member
Personally I feel that house is a luxury house. Out here in Colorado that house would easily be 1 million. I love my state, but no denying it's crazy out here. Somehow I still make it and I'm truly blessed for that.
And my kids can fend for themselves. I'll leave them my old game consoles and boxes of DVDs.
Jesus! I found on Zillow amazing houses for those prices!In Atlanta, that could fetch between 200k to 450k.
In San Francisco or Los Angeles... 800k to 1.1million. Shoot... Even some rundown houses can go for around 500k
Thats it in SF and LA?In San Francisco or Los Angeles... 800k to 1.1million. Shoot... Even some rundown houses can go for around 500k
Thats it in SF and LA?
I thought those cities were uber expensive where even condos are $1M+. I nice looking house like that wouldnt be double then???
People have to be anxious to refinance out of those 7+% mortgages. Hopefully interest rates drop before the bubble bursts, otherwise they're going to be stuck.There should be a housing market adjustment bubble soon. It will leave people underwater on their houses. Hopefully interest rates drop too so people are not stuck with 7% interest rates.
There should be a housing market adjustment bubble soon. It will leave people underwater on their houses. Hopefully interest rates drop too so people are not stuck with 7% interest rates.
I;m surprised we havet heard about massive foreclosures like global crisis 2008. Either mortgage applications were much more rock solid with controls and buffer in, or we just havent seen the fallout yet as rates have only been sky high the past 12-18 months and there's people still locked into good rates.People have to be anxious to refinance out of those 7+% mortgages. Hopefully interest rates drop before the bubble bursts, otherwise they're going to be stuck.
I don't think it can crash the same way it did in 2008, but I still think it can crash. Financial institutions aren't allowed to bundle mortgages as securities the way they used to as a hedge to get cheaper capital than what they would normally have to pay. Them gambling with other people's debt just exacerbated the whole thing.I;m surprised we havet heard about massive foreclosures like global crisis 2008. Either mortgage applications were much more rock solid with controls and buffer in, or we just havent seen the fallout yet as rates have only been sky high the past 12-18 months and there's people still locked into good rates.
Rates started rising in early 2022, but it still took a bit for it to blow by 4%. I'd estimate the 4%+ range is when things can shit the bed. And when it's time for owners to renew their mortgage at 4-7%, that's when you should see lots of panic.
I dont know what the government laws are about corporate hoarding (if there are any?), but I know that when I buy grassroots new developments, the builder has a policy of one unit per person and no hoarders. Its not just corporations, but also rich foreigners who my real estate agent would say have no problem asking a builder if he could buy an entire floor. Sounds crazy, but there's people with cash to do that. I'm going to assume I'm just lucky the builds I do have policies where I have been able to get into the sales showroom and buy one as a walk in.Something that could really make housing more affordable overall would be if companies couldn't scarf up houses for rental properties before the average Joe can buy them. I kind of feel like that's what's going to cause the crash. Because it's certainly a main cause of the housing crisis.
Around here there are a couple of new construction developments with over a hundred houses in them that were built for the sole purpose of being rentals. Entire neighborhoods and not a person in them owns a home. It's crazy. But thankfully there are a couple of new places with relatively affordable homes that don't do sales to corporations and they come with an HOA that forbids sales to corporations. It's nice to see people moving in to their first home.I dont know what the government laws are about corporate hoarding (if there are any?), but I know that when I buy grassroots new developments, the builder has a policy of one unit per person and no hoarders. Its not just corporations, but also rich foreigners who my real estate agent would say have no problem asking a builder if he could buy an entire floor. Sounds crazy, but there's people with cash to do that. I'm going to assume I'm just lucky the builds I do have policies where I have been able to get into the sales showroom and buy one as a walk in.
For people moving during COVID I know many who did. Not first time home buyers but people who took advantage of the situation and moved an hour farther away and cash out banking tons of money and did wfh. Or they used the money to buy a home way bigger. Yup, while most people were scared of germs and moving houses is the last thing on their minds some people did the opposite and moved. You could tell it was a weird situation because they didn’t want people to know at work they moved.Around here there are a couple of new construction developments with over a hundred houses in them that were built for the sole purpose of being rentals. Entire neighborhoods and not a person in them owns a home. It's crazy. But thankfully there are a couple of new places with relatively affordable homes that don't do sales to corporations and they come with an HOA that forbids sales to corporations. It's nice to see people moving in to their first home.
I'm lucky because I was able to have my house custom built on acreage I own just before the pandemic caused everything to go crazy. I don't know how someone would do it now.
I'm normally all for free markets, but I do think it's time to limit corporate and foriegn investment for single family homes. The housing market is all out of wack. Tons of home owners in California couldn't afford the current home they own at today's prices. The only reason they are able to afford living there is they bought their house 10+ years ago.I don't think it can crash the same way it did in 2008, but I still think it can crash. Financial institutions aren't allowed to bundle mortgages as securities the way they used to as a hedge to get cheaper capital than what they would normally have to pay. Them gambling with other people's debt just exacerbated the whole thing.
I think another thing that's different now is that corporate purchases of private homes has sent rents through the roof in formerly affordable areas, so people are more focused on keeping up with their 7% mortgage because even though they are struggling with it it is still cheaper than renting a house. Something that could really make housing more affordable overall would be if companies couldn't scarf up houses for rental properties before the average Joe can buy them. I kind of feel like that's what's going to cause the crash. Because it's certainly a main cause of the housing crisis.
Pretty much the shittiest traffic in all of the south of the USA. Public transit is garbage there. You have 5 to 6 lane interstates that slow to a crawl during rush hours and are still mostly full even into 1am or longer. If you do move there, live as close as possible as you can to your job.Jesus! I found on Zillow amazing houses for those prices!
Atlanta seems to be an amazing city!
Pretty places! Relaxing!
I hope there are great food!
Smartphones, consoles, clothes and cars in USA uses to be cheaper...
But HOUSES are expensive as hell !
Who can make this dream come true there? below
Not a luxury house, but not a poor house...
which families, jobs, salary buys that house? based on your town/state
Smartphones, consoles, clothes and cars in USA uses to be cheaper...
But HOUSES are expensive as hell !
Who can make this dream come true there? below
Not a luxury house, but not a poor house...
which families, jobs, salary buys that house? based on your town/state
Look at the new truck Toyota made that isn't available in the US.
It would sell like pancakes but it would not make a lot of US auto makers happy, so they are basically banning it.
Truuuuue.Weird OP, plenty of us are buying houses, enjoying life, doing all the things we dreamed of. Post what you do, your education, the things you've done to succeed and let us help figure out where your wrong turns were and see if we can get you on the right track. Or keep making threads complaining. Whatever makes you happy.
Yup.Weird OP, plenty of us are buying houses, enjoying life, doing all the things we dreamed of. Post what you do, your education, the things you've done to succeed and let us help figure out where your wrong turns were and see if we can get you on the right track. Or keep making threads complaining. Whatever makes you happy.
Weird OP, plenty of us are buying houses, enjoying life, doing all the things we dreamed of. Post what you do, your education, the things you've done to succeed and let us help figure out where your wrong turns were and see if we can get you on the right track. Or keep making threads complaining. Whatever makes you happy.
they also feel better to drive, cars today have forfeited driving dynamics in favor of "safety" and comfort. Go drive a E46 M3 vs the F80, it's night and dayIn some ways yes like safety, driving assists and infotainment, but some luxury cars from the 80/90/00s have unique features that are not found much today.
Atlanta has a WIDE range of costs. Where I lived in/near Druid Hills (center of the 'old' area with all the little parks and whatnot) a house like this would go for a mill or more, or more correctly, the LAND is a mill, the house you put on it is almost an afterthought. Lots of folks around me dropped 1+ mill on a lot with some 1500sq home from the 40's, demoed the home, and then built a mcmansion, STILL cheaper than buying a lot with the mcmansion on it alreadyJesus! I found on Zillow amazing houses for those prices!
Atlanta seems to be an amazing city!
Pretty places! Relaxing!
I hope there are great food!
As long as the company's wfh oplicy is flexible, getting a desk job that is wfh is easy. Not just for coders. But any desk job that has little face time with people, meetings, and the job is mostly all emailing can easily be wfh. Lots of people at my office are perma wfh ASSUMING their job class allows it. The only time they are expected to show up for sake of news and not being a 100% lone wolf is important town hall meetings twice a year and the company Xmas party. And if the department has some important hardcore meeting everyone is expected to show up that day because the boss doesn't want it to be interrupted with MS Teams tech issues. But that's it. Some people show up at the office a handful of times per year. Thats it.1. build a remote career (not easy, admittedly; but if you're a software engineer, you can go down this road)
2. move out to the country, buy land and a nice house, without spending a fortune
I have decent acreage, woods, dock on the lake, and nice classic-sized home for our size of family... and it's thanks to moving out to the country, and also to building a career where I don't have to live near any urban hub.
That's a very American-looking house, very big and wooden. There's nothing exactly like that in the UK, and you probably couldn't get anything at all for $150k unless you're prepared to go Scottish or become a slum landlord.This would be around 150,000 to 200,000 in my area. Maybe cheaper. Midwest is pretty cheap to live in the large towns. Avoid cities.
For you house buyers out there, maybe I'm overthinking it ad OCD, but I always avoid homes where there's an outside door (like in the picture) that is at the bottom of stairs or a slope. All it takes is some bad drainage grates and a big rain or melted snow and you're going to have water pooling at the door as the water is sloping towards the door. Good luck opening the door too even if it's set an inch above ground.That's a very American-looking house, very big and wooden. There's nothing exactly like that in the UK, and you probably couldn't get anything at all for $150k unless you're prepared to go Scottish or become a slum landlord.
The closest I could find in my area on the market right now is this - four bedrooms, "in need of some modernisation", for the equivalent of $1.45 million. You're basically shit out of luck unless both you and your partner are on a hefty salary, or you got on the property ladder 30 years ago.
75+ Ounce Steak or Die!Bring lunch.
Jesus!I remember going to New York years ago and seeing loads of these. There was some sort of convoy of police cars for something or other going on and I noted how beaten up and crappy looking they were, due to what I can only assume was local police policy being to ram any vehicle on the road that they didn't like the look of.
I remember going to New York years ago and seeing loads of these. There was some sort of convoy of police cars for something or other going on and I noted how beaten up and crappy looking they were, due to what I can only assume was local police policy being to ram any vehicle on the road that they didn't like the look of.